Choosing the Right Time to Sell
Sell in the spring. While you can choose to sell your home at any time of the year, spring is the most popular time to sell a home because it is the time that the most buyers are looking. More buyers are in the market for new homes during the spring because they have received their tax rebate checks and can now better afford the down payment and other costs associated with buying a home. In addition, the days are longer, meaning that there is more time for showing your house to potential buyers. It also seems that more home sales during the spring months in particular occur at full asking price. This can be reason enough to choose to sell in the spring if possible.
Consider selling in autumn. If you can’t sell in the spring, consider the autumn. There are no major holidays to contend with, and depending on your region of the country, you may still be experiencing relatively mild weather.
Avoid the summer months. If you want to sell your home at or near asking price, you will need a buyer willing to pay. Many of these folks will be vacationing during the summer months, so this is not the best time of year to list your home for sale. There are of course exceptions to this rule. If you are selling a holiday home, a bungalow, or retirement property, the summertime is a great time to sell during because this time is exactly when your target buyers are most active.
Steer clear of the holiday season. People are highly unlikely to be browsing for new properties during this busy time. This makes it more likely that your house will stay listed longer, which will make it more unattractive to potential buyers.
Following Expert Advice
Consider recent sales prices of comparable homes. You may want to hire a real estate agent in order to assist you with selling your home successfully by listing it at the right time. Your agent will be able to find out about current market conditions to estimate an accurate listing price and can also provide you details about how long it might take for your home to sell. This may affect the time of year that you choose to list and sell your house. If possible, sell your home at the time of year (this may vary regionally) when prices of comparative homes are high. This will ensure that you get the best possible price on your house. You can either consult your real estate agent to find out this information, or you can look online at websites that people commonly use to list their houses for sale.
Pay attention to inventory. Working with a real estate agent to understand the inventory of houses in your market can affect when you want to list your home. This factor will change from year to year, but it will be best to list your home when the inventory of homes is on the lower side.
Know your area. Various factors in the area surrounding your home can influence when is best to sell your home. Consider, for example, if you have a highly sought-after elementary school in your area. If this is the case, families may be looking to move in time for the beginning of the school year. You should then make sure your home is available several months before the start date of school so that there is ample time for viewing and moving. If you live in an area with temperate climate and fewer buyers with children, it is possible that you will experience more balanced buying seasons. In short, this means that there is no time of year that is necessarily best for selling your home.
Advertising Your Unique Property
Accentuate unique or desirable features. Do you have a particular feature in your home or on your property that you think would be particularly desirable to potential buyers? For example, do you have a beautiful in-ground swimming pool that looks dazzling during the summer or a huge oak tree that looks beautiful in the autumn? If so, attempt to sell your home at a time when these features are at their finest. Accentuating your unique or desirable features at the right time of year will help you especially if you are holding open houses to advertise your property.
Consider the condition of your home. Before you sell your home, you will need an ample amount of time to make improvements, deep clean your home, and clear away any unnecessary clutter. You may also want to consider doing some work on your yard and the area surrounding your home. You should only sell your home once these essential tasks have been completed to make your property as attractive as possible to potential buyers. The best time to sell your home is when it is in its best condition. Expect buyers to have high expectations of your home’s condition. You are more likely to successfully sell your home at or near asking price if your home is in prime condition when you list it.
Sell when the weather is best. Rain and other less-pleasant weather can deter home buyers from actually going to look at homes. Pleasant weather encourages more home buyers to go out and look at open houses and tour homes that are for sale. Sunshine is great for getting people into a good mood, and clear skies can improve the appearance of your property and create more positive reactions to your home. The weather varies greatly region to region. Consider selling your home when the temperatures in your area are pleasant and you have a higher percentage of sunny days.
Use tax incentives as cues. Look for incentives in your area as cues to when to list your home. For example, if there is a rebate for first time homebuyers being offered (or some other sort of incentive that will be ending at a particular time), you should list your home prior to the end of these incentives. Buyers may be looking to buy before the April 15th tax deadline. Keep that date in mind when listing your home.
Comments
0 comment